Listed by Buck Realty
$13,900,000
50 Nassau Terminal Road
Details
APN 282089 33.-K-1.E
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 49,620
Units 3
Occupancy 42%
Tenancy Multi
Class B
Year Built 1950
Stories 1
Lot Size (SqFt) 58,370
Zoning I-B
Investment Type Owner/User
Ground Lease No
Ceiling Height 14
Loading Docks 4
Dock High Doors 2
well-positioned industrial property offering in-place income & owner occupancy flexibility
Marketing description
Industrial • 49,620 SF • 12/28/2021
Investment highlights
A well-positioned industrial property offering in-place income, owner occupancy flexibility, and site improvements suited to a wide range of users.
There is a long term lease in place for the front 21,075 SF unit, with a starting modified gross rent of $420,000, inclusive of real estate taxes, with 3% annual escalations (annual average of $495,500 over the term). The space serves as a distribution center and the supply chain backbone for a strong credit tenant that has rapidly expanded its U.S. retail footprint and continues to scale aggressively. The tenant invested a significant amount of its own capital into the build-out of the space.
There is +/- 29,000 SF of warehouse available for an owner/user to occupy.
Listing Contacts
Listed by Buck Realty
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